May 04, 2009 –
Gottan get me this Winchester. It is amazing.
Still having trouble embedding. Sorry. But you should get it by clicking on it.
http://www.youtube.com/watch?v=k9E9U_HaO38
March 19, 2009 –
I have just heard that today the US House of Representatives just passed a bill (328-93) that taxes the AIG bonus recipients at 90%. After unemployment & disability tax, state and local taxes recipients would actually owe money if the Senate and President agree with this abomination of law. I guess in order to cover their asses they included all TARP recipients (after the fact, of course). [more]
November 05, 2008 –
Peter Lynch loved to refer to his awful stock-timing in his 2 best sellers: Beating the Street and One Up on Wall Street. He said everytime he bought a stock it would immediately fall 10%. Well, I have been ready to buy for some time because there are some incredibly cheap stocks whose boats have lowered with the ebb tide of this market correction. I thought I would wait to see that both the election was over and that the Senate did not become filibuster-proof (60 Dems). It did not thus DC will have some modicum of sensibility--not much since Reps have been trying to out-socialize the Socialists for the last 8 years. Of course, as soon as my stock picks were made they all fell and the entire market fell about 5%. C'est la vie. That is why I am not a day trader. I would have been up the creek a long time ago. Sorry, LordZ I threw in some French there. [more]
October 31, 2008 –
Can someone tell me how to put a particular U Tube spot on this blog. I am an accountant and pretty dumb on these computers. I figure by the time I'm in my coffin I'll know this stuff. Thanks
August 15, 2007 –
Have we beared out? I don't know but considering the general consensus is that a correction of 10% or more is a bona-fide growling bear then we are getting close. A DOW of about 12600 should do it. I think it may be heading there. BUT...this is no time to sell! This would be when I am buying. I am sitting on enough cash for 9 new stocks and waiting for the market to either steady itself or reach the 12600 barrier. If the market remains unsteady thru early September then I am waiting until most of the third quarter earnings are in at the end of October since I have painfully learned to await quarterly results before jumping into the soup. Considering WalMart and Home Depot's recent reports I may wait until e/o/October anyway. That being said I expected the correction and salivate at the chance to pick up once-expensive stocks at a discount. I am following many of the dividend-paying blue chips and high-flyers because I am guessing that these will fall in lock-step with other stocks as they did in '87 and '00-01' only to bounce back within 9 months and continue their upward momentum. But as they say "it's all in the numbers" so we will just have to wait & see. I have done OK year-to-date having already made a 17.5% annualized return for this year so I am content to wait for more complete info. One thing I do believe. Unless there is another terrorist attack or war breaking out or increased taxes or some other calamitous event the market and economy is doing OK, even with the mortgage and housing dilemma. We have continued growth & shrinking deficits and we have enough conservatives in office to keep the 'tax'-acrats at bay so let's keep up hope. [more]
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